Gourmet's Choice Coffee Co., Inc. announced today that the Company's accountants have made substantial progress with regards to the completion of the financial statements. The Company anticipates completion of its financial statements within the next several weeks.

In other news, GMCH announced that it anticipates the closing of the acquisition of the roasting facility to be completed this week. The Company also wishes to remind shareholders that the Rights Offering for Gourmets Coffee.com, Inc. is scheduled to terminate on July 14, 2000. Any shareholders who have questions concerning the Rights Offering, please call 972-788-4193.

Gourmet's Choice Coffee Co., Inc., is a United States Holding Company whose strategy is the acquisition of both domestic and international beverage companies that complement its existing business, distribution and product lines.

For further information contact investor relations at 800-324-3464 or visit www.gmch.net.

This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including, without limitation, the ability of Gourmet's Choice Coffee Co., Inc. to accomplish its stated plan of business. Gourmet's Choice Coffee Co., Inc. believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions would be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by Gourmet's Choice Coffee Co., Inc. or any other person that the objectives and plans of Gourmet's Choice Coffee Co., Inc.